The long-predicted recession might already be here, says economist David Rosenberg. Factors like interest rate hikes, housing market slump, job losses, and stock market decline, along with inflation, raised concerns. However, the real indicator of a recession, the gross domestic income (GDI), went unnoticed. GDI dropped 2.3% in Q1 2023, following a 3.3% decrease in Q4 2022. This consecutive decline qualifies as a “technical recession,” marking the worst performance since the pandemic started.
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